Minimal but powerful.
Have been using this for myself, so thought it would be nice to share publicly. Of course no script is correct 100% of the time, but this is one of if not the best in my basic tools. (This is the expanded/PLUS version)
Github Link for latest/most detailed + tidier documentation
Base Indicator - Script Link
this indicator is based on subhasis sir 5ema strategy described in TRADERS CARNIVAL BY SUBHASIS PANI SIR.
when indicator plot white candle you will sell use this indicator in 15min for more effective results
for more info: watch subhasis sir video on yt.
search on yt: 5 ema traders carnival by subhasis pani
Trend Identifier for 1D BTC.USD
It smoothens a closely following moving average into a polynomial like plot.
And assumes 4 stage cycles based on the first and second derivatives.
Green: Bull / Exponential Rise
Red: Bear / Exponential Drop
Red --> Blue --> Green: indicates the start of a bull market
Green --> Yellow -->...
This Pine script is the result after I have read the book of Jason Perl "DeMark Indicators".
There are multiple indicators within this script because the book suggest to use them all together.
The following indicators are present within this script:
Bearisflip, Bullisflip, SellSetup, BuySetup, SellCountdown, BuyCountdown.
Trend lines for support and...
Falcon CCI indicator is a superb indicator for anyone who wants to dig deep and still float. The trading lifestyle requires you to be one step ahead of everyone else, while doing so, you want to manage risk, enter at correct positions and perhaps exit at correct positions too.
Exiting at correct positions is so over rated, people tend to forget that exit is as...